Sales were off but pending sales were up.
Single-Family:
Sales declined by 10% in March. The average sales price increased by 15% and the median sales price by the same 15%. Pending Sales rose 7%. The number of new listings fell 7% while the active listings climbed by 18%. Unfortunately we find the months of inventory still stuck at less than 2 months. Until we see a large increase in the number of active listings over several months, prices will continue to rise and buyers will have a hard time finding a home.
Sales: 92
Average Sales Price: $501,964
Median Sales Price: $429,000
Pending Sales: 113
New Listings: 138
Active listings: 179
Months of Inventory: 1.9
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